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salsapete
Aug 22, 2020 2:38 AM

AUDJPY Short Short

Australian Dollar/Japanese YenFXCM

Description

Since early June 2020 the AUDJPY has been in a consolidation ( ascending triangle) , beneath the Montly R1 Pivot.


The last trading day provides a confirmed breakout to the downside. This is mirrored with falling Stochastics and rising short volume.

Suggested short is on chart , with RR of 3.....


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